A new legislative proposal has been advanced to let seniors in Ontario get much-needed money by tapping an asset they own, but typically cannot use: their life insurance policy. Read more …

Oct. 19, 2017 – LISAC’s Response to Insurance Industry Claims:

Clear evidence refutes false claims by the Canadian Life and Health Insurance Association – Read more …

Oct. 18, 2017 – Toronto Sun op-ed –

This week, MPP Michael Colle, took a giant leap forward for Ontario seniors when he introduced a private member’s bill (Bill #162) that will, if passed, provide seniors with access to an additional source of money through an asset they already own — their life insurance policy. Read more …

To all Ontario MPPs: Section 115 of the Ontario Insurance Act, 1 overseen by the Financial Services Commission of Ontario (FSCO), is an egregious and archaic regulation that takes away a fundamental right of more than two million Ontario seniors. Read More …

If you are a Canadian senior, your life insurance policy could be worth a lot more money than you think — while you are alive. If only provincial governments and life insurance companies would let you sell it for its fair market value. Read More …

Today Canadian seniors cannot access the fair market value for their life insurance – this must change!

The principle of a fair market value economy must be established in the Canadian life insurance industry – 5.6 million Canadian seniors deserve it.

A well-regulated, secondary market for life insurance settlements is the cornerstone of a fair, open and competitive marketplace. Life settlement markets are available in countries around the world but not in Canada.

LISAC – The Life insurance Settlement Association of Canada

LISAC is newly formed but our purpose is longstanding. Based on the fundamental principle of open and free markets, LISAC was founded for the purpose of bringing to all Canadians a well-regulated, secondary market for life insurance settlements.

Leonard H. Goodman answers the question: “Why Are Canadian Seniors Worth More Dead Than Alive?”

What

Based on the fundamental principle of open and free markets, LISAC was founded for the purpose of bringing to all Canadians a well-regulated, secondary market for life insurance settlements.

Why

A well-regulated, secondary market for life insurance settlements is the cornerstone of a fair, open and competitive marketplace. Life settlements markets are available in countries around the world but not in Canada.

How

By working to change existing legislation and regulation which heavily favours the insurance companies, and educating consumers and advisors of their rights.